Securities Code: 000637 Securities Abbreviation: Maohua Petrochemical Announcement No.: 2026-037
Maoming Petrochemical Real Industry Co., Ltd.
Announcement on Supplementary Agreement to the Conditional Share Purchase Agreement with Specific Counterparty and Related Party Transaction
The Company and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
I. Overview of Related Party Transactions
On August 29, 2025, Maoming Petrochemical Real Industry Co., Ltd. (hereinafter referred to as "Maohua Petrochemical" or "the Company") signed the "Conditional Share Purchase Agreement for the Private Placement of A-shares by Maoming Petrochemical Real Industry Co., Ltd. to Specific Counterparties" with Maoming Port Group Co., Ltd. (hereinafter referred to as "Maoming Port") (hereinafter referred to as the "Conditional Share Purchase Agreement").
On June 13, 2026, the third meeting of the Independent Directors' Special Committee of the 13th Board of Directors of the Company reviewed and approved the "Proposal on Adjusting the Issuance Price and Issuance Quantity for the Private Placement of Shares to Specific Counterparties" and the "Proposal on the Supplementary Agreement to the Conditional Share Purchase Agreement Signed with Specific Counterparties and Related Party Transaction," and agreed to submit the relevant proposals to the Board of Directors for review.
On June 17, 2026, the fourteenth extraordinary meeting of the 13th Board of Directors of the Company reviewed and approved the above proposals, adjusting the pricing benchmark date, issuance price, and issuance quantity.
The adjustment was made. On June 17, 2026, the Company signed the "Supplementary Agreement to the Conditional Share Purchase Agreement for the Private Placement of A-shares by Maoming Petrochemical Real Industry Co., Ltd. to Specific Counterparties" with the subscriber Maoming Port (hereinafter referred to as the "Supplementary Agreement to the Conditional Share Purchase Agreement"). The pricing benchmark date was adjusted to the first day of the issuance period, and the issuance price was adjusted to not less than 80% of the average daily trading price of the Company's shares in the 20 trading days prior to the pricing benchmark date (Average daily trading price of shares in the 20 trading days prior to the pricing benchmark date = Total trading volume of shares in the 20 trading days prior to the pricing benchmark date / Total trading volume of shares in the 20 trading days prior to the pricing benchmark date). The number of shares to be issued was adjusted to be determined by the total amount of raised funds divided by the issuance price (if the result is less than 1 share, the fractional part shall be rounded down), and shall not exceed 30% of the Company's total share capital before this issuance.
According to the "Listing Rules of the Shenzhen Stock Exchange" and other regulations, Maoming Port is a related party of the Company. Maoming Port's cash subscription for the A-shares to be issued by the Company constitutes a related party transaction, and related directors have abstained from voting.
II. Basic Information of the Related Party